BUYING TIME: U.S. Sanctions Attempt to Force Russian Technical Default

Posted on 04/06/2022

Russia paid U.S. dollar bondholders in roubles and said it would continue to do so as long as its foreign exchange reserves are blocked by sanctions. The Kremlin said it would continue to pay its dues as the country seeks to avoid a sovereign default. “Russia has all necessary resources to service its debts… If…

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